Advanced Manufacturing International Inc

Nonprofit profile at a glance

EIN
850887993
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-N 2021
Location
Clearwater, FL, USA
Phone
7273303758
Rating
33
Verdict
REVIEW
Rating confidence
Moderate
Sector
Management & Technical Assistance

Official website

Reported finances

Revenue
$680,740
Expenses
$337,558
Assets
$-71,157
Liabilities
$77,341

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • JOE VERANESE (PRESIDENT & CEO)

Highest reported compensation

  • DEAN L BARTLES PHD FSME FAS (CHAIR): $1,156,006 total reported compensation
  • GENE D BERKEBILE (SECRETARY/TREASURER): $558,195 total reported compensation
  • GEORGE BARNYCH (DIRECTOR): $500,733 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Ami will work to support smm's by advancing manufacturing technology learning opportunities to communities of interest. By focusing on regional manufacturing networks, ami can tailor solutions based on the dynamics of a specific region. Expected outcomes from ami efforts are: - an increase in the knowledge, skills, and abilities of the regional workforce - increased cooperation and coordination between regional manufacturers and training providers - an increase in the understanding of smart manufacturing technologies by the smm's - a broader understanding of industry recognized credentials.

What it reported doing in 2024

Develop and align strategies where appropriate, foster collaboration, and leverage resources across manufacturing training institutions (e.g., community colleges, trade & tech schools, k to 16 learning environments) leading to a more robust workforce. Current areas of need include: smart manufacturing, cybersecurity, advanced machining, data collection and analysis.

Operating model

Revenue model
Affiliate-supported. 87% of the money available for current operations came from contributions from related organizations.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 10
  • Transparency & Controls: 64
  • Accountability: 38
  • Sustainability: 43
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 7.9%; rating input score 8
  • Program expense ratio: 15.9%; rating input score 16
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 12th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 25%; rating input score 25; 10th percentile among comparable filings
  • Governance controls: 5 of 9 controls in place; rating input score 56
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 50.4%; rating input score 92; 92nd percentile among comparable filings
  • Total-asset coverage ratio: -0.21; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 71%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: -25.6% per year; rating input score 0; 2nd percentile among comparable filings
  • Revenue growth: -38.6% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: -28.3% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 7.9% of revenue deployed · 15.9% of spending went to programs
  • Governance: 1 of 4 board members independent · 5 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $54K in reported program spending
  • Leadership: top reported pay $1.2M · 5 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 22 of 23 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 5 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 8/100.
  • High — Financial Efficiency: Program expense ratio scored 16/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Accountability: Independent voting board scored 25/100.
  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 1/100.